# Who Invests With Incubate Fund: 43 Co-Investors (2026) > The 43 investors that have backed two or more of the same startups as Incubate Fund, by kind: vc firms, private equity and asset managers and accelerators. Source: https://millionrounds.com/portfolio-maps/incubate-fund-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 31 - [Nissay Capital](https://millionrounds.com/fund/nissay-capital) - [Japan Finance Corporation](https://millionrounds.com/fund/japan-finance-corporation) - [IVC](https://millionrounds.com/fund/ivc) - [*CC* CyberAgent Capital](https://millionrounds.com/fund/cyberagent-ventures) - [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) - [SBI Investment](https://millionrounds.com/fund/sbi-investment) - [Mizuho Corporate Bank](https://millionrounds.com/fund/mizuho-corporate-bank) - [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) - [Vela Partners](https://millionrounds.com/fund/vela-partners) - [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) - [*JV* JIC Venture Growth Investments](https://millionrounds.com/fund/jic-venture-growth-investments) - [Bossa Invest](https://millionrounds.com/fund/bossa-invest) - [East Ventures](https://millionrounds.com/fund/east-ventures) - [ITOCHU Technology Ventures](https://millionrounds.com/fund/itochu-technology-ventures) - [Sumitomo Mitsui Banking Corporation](https://millionrounds.com/fund/sumitomo-mitsui-banking-corporation) - [Coral Capital](https://millionrounds.com/fund/coral-capital) - [Techstars](https://millionrounds.com/fund/techstars) - [B Capital](https://millionrounds.com/fund/b-capital) - [3one4 Capital](https://millionrounds.com/fund/3one4-capital) - [Samurai Incubate](https://millionrounds.com/fund/samurai-incubate-inc) - [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) - [ANRI](https://millionrounds.com/fund/anri) - [World Innovation Lab Wil](https://millionrounds.com/fund/wil-world-innovation-lab) - [Founders Fund](https://millionrounds.com/fund/founders-fund) +7 more ## Private equity and asset managers 4 - [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) - [*AC* Aozora Corporate Investment](https://millionrounds.com/fund/aozora-corporate-investment) - [Pavilion Capital](https://millionrounds.com/fund/pavilion-capital) - [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) ## Accelerators 4 - [Beyond Next Ventures](https://millionrounds.com/fund/beyond-next-ventures-inc) - [NTT DOCOMO Ventures](https://millionrounds.com/fund/ntt-docomo-ventures) - [Google for Startups](https://millionrounds.com/fund/google-for-startups) - [DG VENTURES](https://millionrounds.com/fund/dg-ventures) ## Corporate investors 4 - [Sony Innovation Fund](https://millionrounds.com/fund/sony-innovation-fund) - [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) - [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) - [Coinbase Ventures](https://millionrounds.com/fund/coinbase) ## Segment by segment ### VC firms 31 investors - [**Nissay Capital**](https://millionrounds.com/fund/nissay-capital) VC firm Japan 9 backed - [**Japan Finance Corporation**](https://millionrounds.com/fund/japan-finance-corporation) Investment firm Japan 7 backed - [**IVC**](https://millionrounds.com/fund/ivc) VC firm Taiwan 7 backed - [*CC* **CyberAgent Capital**](https://millionrounds.com/fund/cyberagent-ventures) VC firm Japan 7 backed - [**Mizuho Capital**](https://millionrounds.com/fund/mizuho-capital) VC firm Japan 7 backed - [**SBI Investment**](https://millionrounds.com/fund/sbi-investment) VC firm Japan 6 backed - [**Mizuho Corporate Bank**](https://millionrounds.com/fund/mizuho-corporate-bank) VC firm Japan 5 backed - [**Global Brain Corporation**](https://millionrounds.com/fund/global-brain-corporation) VC firm Japan 5 backed ### Private equity and asset managers 4 investors - [**SMBC Venture Capital**](https://millionrounds.com/fund/smbc-venture-capital-2) Investment bank Japan 15 backed - [*AC* **Aozora Corporate Investment**](https://millionrounds.com/fund/aozora-corporate-investment) Private equity Japan 4 backed - [**Pavilion Capital**](https://millionrounds.com/fund/pavilion-capital) Private equity United States 2 backed - [**DCM Ventures**](https://millionrounds.com/fund/dcm-ventures) Private equity United States 2 backed ### Accelerators 4 investors - [**Beyond Next Ventures**](https://millionrounds.com/fund/beyond-next-ventures-inc) Accelerator Japan 2 backed - [**NTT DOCOMO Ventures**](https://millionrounds.com/fund/ntt-docomo-ventures) Accelerator Japan 2 backed - [**Google for Startups**](https://millionrounds.com/fund/google-for-startups) Accelerator United States 2 backed - [**DG VENTURES**](https://millionrounds.com/fund/dg-ventures) Accelerator United States 2 backed ### Corporate investors 4 investors - [**Sony Innovation Fund**](https://millionrounds.com/fund/sony-innovation-fund) Corporate investor Japan 5 backed - [**Z Venture Capital**](https://millionrounds.com/fund/z-venture-capital) Corporate investor Japan 3 backed - [**Salesforce Ventures**](https://millionrounds.com/fund/salesforce-ventures) Corporate investor United States 3 backed - [**Coinbase Ventures**](https://millionrounds.com/fund/coinbase) Corporate investor United States 2 backed **How this map is made.** Every investor here has backed two or more of the same startups as Incubate Fund, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Incubate Fund. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **Incubate Fund portfolio map** 71 startups · $1.6B](https://millionrounds.com/portfolio-maps/incubate-fund-portfolio-map)[Sector portfolio **Incubate Fund's AI portfolio** 16 startups · $607M](https://millionrounds.com/portfolio-maps/incubate-fund-ai-portfolio)[Co-investors **Who invests with Global Brain Corporation** 144 co-investors](https://millionrounds.com/portfolio-maps/global-brain-corporation-co-investors)[Co-investors **Who invests with SBI Investment** 115 co-investors](https://millionrounds.com/portfolio-maps/sbi-investment-co-investors)[Co-investors **Who invests with Mitsubishi UFJ Capital** 97 co-investors](https://millionrounds.com/portfolio-maps/mitsubishi-ufj-capital-co-ltd-co-investors)[Co-investors **Who invests with Mizuho Capital** 88 co-investors](https://millionrounds.com/portfolio-maps/mizuho-capital-co-investors) ## Raising from investors like Incubate Fund? 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